Street: Housing stocks are best bet from here

A worker digs a trench in front of a home under construction at a new housing development in Larkspur, California.

An increasing number of Wall Street firms are pointing to housing stocks as one of the few areas of the market left that still have potential for growth.

"After more than six years into this recovery, we believe there are few opportunities in U.S. equities that offer stronger growth and cheaper valuation than housing," said Dubravko Lakos-Bujas, JPMorgan's U.S. head of equity strategy, in a report to clients Thursday.